Some Starbucks beverages will cost more

Starbucks announced Wednesday that a jump in the cost of green coffee beans will translate to higher prices in cafes.

The price of green Arabic coffee is at a 13-year high, and other ingredients such as dairy, sugar and cocoa have experienced market volatility. That means the company is upping the price of some of its more complicated beverages and considering raising the price of packaged coffee.

“Over the last six months a highly speculative green coffee market and dramatically increased commodity costs have completely altered the economic and financial picture of many players in the coffee industry,” said Starbucks CEO Howard Schultz. “And while many, if not most, coffee roasters and retailers began raising prices months ago, we have thus far chosen to absorb the price increases ourselves and not pass them on to our customers.”

Not anymore. Schultz said the “extreme nature of the cost increases” is forcing the Seattle-based coffee company to raise prices.

Starbucks officials said Wednesday the company will maintain or lower the price of some of its most popular beverages, including its $1.50 tall coffee. But more “labor-intensive and larger-sized beverages” will cost more.